Google Inc (GOOG) Earnings Preview: Will Tech Giant Beat Estimates In Third Quarter?

Category: Technology / Oct 17, 2013 10:12AM EDT

After the closing bell on Thursday, Google Inc. (NASDAQ: GOOG) is expected to report fiscal third-quarter EPS of $8.46 on revenue of $14.84 billion, compared with a profit of $6.53 a share on revenue of $11.33 billion in the year-ago quarter. Investors will be keeping an eye on growth in ad revenue and Motorola Mobility sales.

Shares of Google edged down 0.66 percent to $891.82 in morning trading.

Before the bell on Thursday, Verizon Communications Inc. (NYSE: VZ) and Goldman Sachs Group Inc. (NYSE: GS) reported third-quarter earnings.

Despite the U.S. Senate reaching a last-minute deal to lift the country's borrowing limit, stocks opened lower on Thursday.

The Dow Jones industrial average fell 122.34 points, or 0.8 percent, to 15,251.49. The S&P 500 Index lost 5.5 points, or 0.32 percent, to 1,716.04. The Nasdaq Composite dropped 14.917 points, or 0.39 percent, to 3,824.513.


Video Credit: Reuters